Finance, Power, and the Capitalist Enigma

In the civilized world, there are sufficient raw materials, labor, machinery, skilled workers, scientific and technological knowledge, and, in general, enough wealth to feed-or even overfeed-its inhabitants. Yet, in this civilized world, "economic" crises, worker unemployment, and its corollary-hunger-occur regularly and cyclically. Orthodox economics explains this phenomenon of cycles of prosperity and crisis by speaking of fictitious prosperity and overproduction, and reaches the bizarre conclusion that it is logical and natural for people to die of hunger and destitution alongside overflowing stockpiles. For my part, I have come to the conclusion that so-called modern economic science represents a phenomenon similar to that of painting, which bearded "hippie" intellectuals describe as ultra-modern and which archaeologists describe as ancient. In other words, it is a gigantic "bluff" that almost no one dares to expose for fear of appearing ignorant, backward, etc., in the eyes of the conformist masses who revere established ideas.

For, whatever anyone may say, it is not natural-and therefore not possible-for people to die of hunger and poverty because they have produced too many consumer goods.

In reality, any issuance of new money-regardless of who issues it-reduces the value of the money already in circulation. Those who held money in circulation before the issuance of new money suffer an obvious loss; and they become aware of this loss when they notice that prices have risen and that, as a result, their money is worth less.